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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Farmer who wrote (62294)	11/6/2002 7:10:39 PM
From: Wyätt Gwyön	Respond to of 77400

John, I think $3 is too low for Cisco. They have shareholder equity of about 38 B$ which puts them at about $5. $3 would be close to tangible book, which I think is low for Cisco. sorry, i should have been clearer. my target is $3 above tangible book. so about $6 on the stock. this would give CSCO a price to tangible book of about 2x, which is, i believe, suitable. of course, my feeling is that by the time CSCO gets down to that level, they may have spent some more of their great shareholder equity on buybacks and such. so perhaps $3 as a nominal target is achievable. So I think a good buy in price with some prospects for return would be about $5 you're more bearish than me. LOL! of course, in the end, most bears will get sucked back into the equity markets too quickly--myself included, probably.

To: Stock Farmer who wrote (62294)	11/6/2002 11:32:49 PM
From: Jacob Snyder	Read Replies (4) \| Respond to of 77400

<<we're going to oscillate violently, mainly between the strikes at $7.50 and $15>> That's exactly my take on current events. At the outside, this stock could get to 20, as the upper end of the range. But 15 is more likely. We've already seen $8.12 (last month's low), close to your $7.50 as the bottom of the "oscillation". I'm holding these shorts: WMT (consumer spending) at 54.5 CMH (housing) at 12 Will re-short QCOM when it hits 36 again. Will short CSCO at 15, and AMAT at 20